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Businesses with day-to-day working capital needs require efficient management of their short-term assets and liabilities to ensure smooth operations. Here are some strategies they can consider:

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• Cash Flow Management: Regularly monitor and forecast cash flows to anticipate any shortfall or surplus, which helps in maintaining liquidity.
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• Inventory Management: Optimize inventory levels to reduce holding costs while ensuring that sufficient stock is available to meet customer demand.
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• Receivables Management: Implement efficient credit policies and collection processes to ensure timely inflow of cash from customers. Using tools like aging reports can help track overdue accounts.​
   

• Payables Management: Take advantage of supplier credit terms, making payments